U.S. Exits GM Stake, Taxpayers Lose About $10 Billion

Newswire

WASHINGTON, Dec 9 (Reuters) - The U.S. government sold its last shares in General Motors Co on Monday, leaving taxpayers saddled with a total shortfall of about $10 billion on the automaker's 2009 bailout. "With the final sale of GM stock, this important chapter in our nation's history is now closed," Treasury Secretary Jack Lew said.

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